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Macmahon Holdings has decided to pay off its bank debt in the wake off receiving an $80 million-plus windfall from the sale of Mongolian operation.

Shares in Miles Kennedy-chaired RNI soared after the company struck a deal to sell its Grosvenor gold project, Horseshoe project and part of its Peak Hill project to Metals X.

Uranium miner Energy Resources of Australia (ERA) has slumped to a $255 million half year loss after shelving a major mine expansion in challenging conditions.

Newmont Mining Asia Pacific boss Tom Palmer says the Boddington gold mine has been one of the company’s star performers, and it is likely to push ahead with capital works to extend the life of the project.